Life Insurance for Involuntary Unemployment of Credit to the Consumer
The Policy offers a benefit that guarantees the monthly payment of the debtor’s loan in case of losing their employment involuntary means.
Product summary
Group plan
Available plan: Groups Will pay the monthly payment of the loan because of individual dismissal or for massive employment, general strike, termination of the job by the company or employment dispute, or company is closing temporarily or permanently.
Benefits
The original term of the loan/ Benefits paid
- 1-12 months/ 4 payments
- 13-25 months/ 6 payments
- 26-36 months/ 8 payments
- 37-48months/ 12 payments
Contract dispositions
- Must work 30 hours per week for 12 consecutive months before the effective date.
- Actively worked as a paid employee at the same company for the first 90 days of employment.
Payment methods
These are the payment methods available to purchase your plan.
Frequently asked questions
We leave you some of the most frequently asked questions about our plans
If I no longer belong to the group with which I acquire my policy, can I continue with my cancer coverage?
No, you should apply for an individual or family cover.
Will the last loan be paid?
Yes, the last loan will be paid if the last loan has more than 12 months.
What if I want to purchase an additional cover?
You can contact the Life Insurance Cooperative of Puerto Rico, COSVI at 787-751-7373 where an Authorized Representative will guide you on the insurance policies and endorsements that we have available. You can also contact your insurance agent directly.
What alternatives exist to protect me in case of a hospitalization?
Yes, we have alternatives for accident and health insurance in case of hospitalization.
What is a beneficiary?
Is the person designated to receive the insurance in case of your death.
What is an endorsement?
An endorsement is an additional coverage that you add to an insurance policy to get specific protection. To find out which endorsements apply to your insurance, you should receive an introduction from a representative.
Steps to acquire your insurance
In just three steps, you can get the policy you are looking for.
Initial Consultation
In your initial orientation appointment, the objective is to establish good relations hear youcarefully and make adequate questions to know which you are needs a free consultation.
Evaluation
Depending on your needs, we evaluate the different products beneficial for you.
Presentation
Besides your resume, we will continue to evaluate all information provided to recover your situation and confirm your needs. We propose an action plan that identifies and explains different products and alternatives that meet your needs. If you agree with our recommendations, we help you get the product.
Orientación Inicial
En la cita inicial el objetivo es establecer una buena relación, escucharle detenidamente y hacerle las preguntas adecuadas para saber cuáles son sus necesidades.
Evaluación
Dependiendo sus necesidades, se evaluarán los diferentes productos de mayor beneficio para usted.
Presentación
Además, de resumir la situación, confirmar sus necesidades se procede a evaluar toda la información provista, se presenta un plan de acción en el que se identifican y explican los diferentes productos y alternativas que satisfagan sus necesidades. Si usted está de acuerdo con las recomendaciones, se le ayuda adquirir el producto.
What our clients are saying
Look what are insured have to say about our policies and our services.
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